‘Employee Offer’ Promotion Terms & Conditions

Last updated 29th of September 2021.

Overview

The ‘Employee Offer’ promotion (The Offer) is run by Stakeshop Pty Ltd (Australia) (We, Us, Stake). The promotion provides employees (The Employee) of eligible employers (The Employers) who are also new customers to Stake with one year of Stake Black on their US account free of charge. After this one year, Stake Black will be charged to the customer as per the Stake’s regular pricing terms. The Employers are any company that We have directly and separately invited, and agreed with, to use The Offer.

Participation in the Offer does not conflict or negate a user's eligibility for the Stake Free Stock Program (FSP). To participate, Stake users must agree to these terms (FSP Terms & Conditions), which are in addition to the Stake Terms & Conditions.

The Offer period begins as soon as The Employers circulates a communication about the Offer to the employees or lists the Offer on any employee benefit portal, online or otherwise. The Offer will be available to Employees from this point forward, until We advise the Employer that the Offer has closed, at which time no new Employees will be able to claim one year of Stake Black on their US account free of charge.

Eligible Employees

To be eligible for this offer, a user must meet the following criteria:

  • Be employed by an eligible Employers
  • Does not have an existing Stake account

Redeeming the Offer

To redeem this offer, an Employee must sign up to Stake using the referral code relevant to their Employer. Each Employer will have its own unique referral code. This will be provided at all points of promotion to the Employee.

The Employee does need to fund their account to redeem the Offer, however must do so inline with the FSP Terms & Conditions to redeem their free stock that is promoted within the Offer.

Other

Before opening a Stake account and choosing to invest please read the relevant terms and conditions and FSG. Free stock carries capital gains tax implications.

Restrictions

This Offer is also not available to:

  • Non-Individual accounts (SMSF, ISAs, Company and Minor accounts)
  • Customers who already have an existing account with Stake (unless made via direct USD transfer) before the promotion period begins.

Implications of owning stock

Owning a share in a business comes with fluctuations in price. Share prices fluctuate daily and can be a volatile asset. Stake is not in any way promoting and/or recommending the stock you are issued with as part of any Free Stock Program.

Implications of Stake Black

The data provided within Stake Black such as company financial data, analyst ratings, price targets, or other are provided from independent sources. These are not the opinions nor the advice of Stake and any investment decisions made using these data sources are the sole responsibility of the investors (customer) not of Stake itself.

Severability

If any provision in these terms are held to be invalid, void, or unenforceable, such provision (or the part of it that is making it invalid, void or unenforceable) will be struck and not affect the validity of and enforceability of the remaining provisions.

Termination and Changes

Stake may suspend or terminate the Offer or a user’s ability to participate in the Employee Offer at any time for any reason.

We reserve the right to suspend accounts or remove Stake Black access if we notice any activity we believe is abusive, contrary to Stake’s brand values, fraudulent or in violation of the Stake Terms & Conditions. We reserve the right to review and investigate all referral activities and to suspend accounts or modify referrals in our sole discretion as deemed fair and appropriate.

The scope, variety and type of services and products that you may obtain by redeeming Stake Rewards can change at any time.

Updates

We can update these Employee Offer Terms & Conditions at any time without prior notice. If we modify these terms, we will post the modification on the Stake website and applications which are effective upon posting. Agreement to these terms or continued participation in the Employee Offer after any modification shall constitute consent to such modification.


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Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. 337927) (Sanlam) and an authorised representative (Authorised Representative No. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 487221) (Airwallex). Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. The information on our website or our mobile application is not intended to be an inducement, offer or solicitation to anyone in any jurisdiction in which Stake is not regulated or able to market its services. At Stake, we’re focused on giving you a better investing experience but we don’t take into account your personal objectives, circumstances or financial needs. Any advice is of a general nature only. As investments carry risk, before making any investment decision, please consider if it’s right for you and seek appropriate taxation and legal advice. Please view our Financial Services GuideTerms & ConditionsPrivacy Policy and Disclaimers  before deciding to use or invest on Stake. By using the Stake website or service in any way, you agree to our Privacy Policy and Terms & Conditions. All financial products involve risk and you should ensure you understand the risks involved as certain financial products may not be suitable to everyone. Past performance of any product described on this website is not a reliable indication of future performance. Stake is a registered trademark under classes 9 and 36 (Australia).
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